Lagos becomes most indebted state as domestic debts hit N4.1trn

The Debt Management Office has disclosed that the total domestic debts for the 36 states in Nigeria and the Federal Capital Territory stood at N4.1tn as of the end of March, 2020, .

According to the DMO, Lagos led with a debt profile of N444.22bn followed by Rivers that had a debt of N266.93bn.

Abia, Adamawa, Akwa Ibom and Anambra had debts of N69.63bn, N101.58bn, N240.03bn and N33.91bn, while Bauchi, Bayelsa, Benue and Borno had N100.4bn, N154.95bn, N116.19bn and N83.38bn respectively.

Cross River, Delta, Ebonyi and Edo had N165.91bn, N230.75bn, N42.41bn and N84.76bn, while Ekiti, Enugu, Gombe and Imo had N77.87bn, N62.98bn, N82.5bn and N163.99 respectively.

Jigawa, Kaduna, kano and Katsina had N36.02bn, N78.69bn, N107.75 and N66.16bn, while Kebbi, Kogi, Kwara and Nasarawa had N69.26bn, N128.91bn, N62.89bn and N60.99 respectively.

According to the DMO, Niger, Ogun, Ondo and Osun had N59.83bn, N143.53bn, N65.29bn and N137.3bn, while Oyo, Plateau, Sokoto and Taraba had N100.59bn, N130.73bn, N47.74bn and N81.26bn respectively.

The DMO disclosed that Yobe’s domestic debt profile was N29.29bn, while Zamfara and the FCT had N70.84bn and N106.8bn respectively.